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The Global Wi-Fi Market was valued at USD 17.68 billion in 2016 and is projected to reach USD 78.47 billion by 2025, growing at a CAGR of 18.01% from 2017 to 2025.
Wi-Fi is a technology for wireless local area networking with devices based on the IEEE 802.11 standards. Devices that can use Wi-Fi technology include personal computers, video-game consoles, phones and tablets, digital cameras, smart TVs, digital audio players and modern printers. Wi-Fi has broad application in various sectors that includes â€" mobile, business, home appliances, automotive sector, browsing, etc. Wi-Fi is convenient, simple to use, expandable, and efficient technology.
1. Market Drivers
1.1 Increasing Smart Cities and Smart Highways Infrastructure
1.2 Growing Investments by the Government
1.3 Adoption of Carrier Wi-Fi
1.4 Growing Demand for Smart Devices
1.5 Rapidly Increasing Internet Usage
2. Market Restraints
2.1 Poor Connectivity
2.2 Security Concerns
2.3 High Co-Channel Interference
The Global Wi-Fi Market is segmented on the basis of product, service, business model, vertical, and region.
1. By Product:
1.1 Wireless hotspots gateways
1.2 Access points
1.3 WLAN controllers
2. By Service:
2.1 Survey and analysis
2.3 Network planning and design
3. By Business Model:
3.1 Transport Wi-Fi
3.2 Indoor Wi-Fi
3.3 Outdoor Wi-Fi
4. By Vertical:
4.2 Transport and Logistics
4.5 Manufacturing and Automotive
4.6 Defense and Military
4.7 Healthcare and Life Sciences
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Ubiquiti Networks, Inc.
4. Cisco Systems, Inc.
5. Aruba Networks
7. Aptilo Networks
8. Netgear, Inc.
9. Juniper Netwokrs, Inc.
10. Ruckus Wireless, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Wi-Fi Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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